What the document says“Section 401(b)(7)(A)(iii) of the Higher Education Act of 1965 (20 U.S.C. 1070a(b)(7)(A)(iii)) is amended by striking "$2,170,000,000" and inserting "$12,670,000,000".”
The section strikes $2,170,000,000 and inserts $12,670,000,000 in section 401(b)(7)(A)(iii) of the Higher Education Act of 1965. That provision is not indexed here, so what the figure funds cannot be checked against anything on this site.
What the document actually says“Section 401(b)(7)(A)(iii) of the Higher Education Act of 1965 (20 U.S.C. 1070a(b)(7)(A)(iii)) is amended by striking "$2,170,000,000" and inserting "$12,670,000,000".”
The figure $2.17 billion is taken out. The figure $12.67 billion is put in.
That is a rise of $10.5 billion. What the money funds is not recorded here. The older law is not indexed on this site.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.